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chief, speaking this morning. >> some important comments. hurricane sandy was directly in his district so he made some comments about it. he said that the damage was worse than first anticipated. that's something we've been talking a lot about. original number was $50 billion. it's in the $70 billion to $90 billion range. it is probably going to shave a quarter to half a point off gdp. you talked about the fiscal cliff which he says congress and the president must address. he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came ou
in the dark post-sandy. the outrage growing and so are the calls for competition in power. we've got cable tv choices. why not electric choices? there's only one choice for cable for me, that's comcast. it is a great corporation. >> indeed it is. >> very, very heartwarming company. >> indeed it is, thank you, brian. >>> two sudden and shocking tales of sex on the job in the last week alone. cia head david petraeus resigning after an extramarital affair, and the incoming head of lockheed martin is out after having an affair with a subordinate. "the discrete guide for executive women, how to work well with men and other difficulties." we know of course how damaging these affairs can be to the players involved but talk about the collateral damage in the work place. the author joins us now. jennifer, thank you so much for joining us. >> thank you. >> let's talk first of all about these particular situations seem to be coming around more and more. but talk to me about the collateral damage in the workplace and some examples of how the ripple effects of these types of sex scandal can be felt in the
, consume could be in for a rude awakening. third quarter gdp on thursday. a little bit of sandy and a little bit of fiscal cliff in this 1.2 to 2.2, those are the forecasts i have seen so far. >> do you think perhaps the consumer is not reflecting the fiscal cliff issues because the last time, we keep going up to the edge of the cliff and then things get -- things get resolved? >> it's a good question. it strikes n s me that looking at the debt ceiling debate i think consequences were equally stark but more easily understood, people anticipated that and more bad stuff in the economy. the consumer confidence numbers showed that job prospects looked good, home buying intentions look good, a buoyancy to the consume they're wasn't there. >> wasn't there. >> face the debt ceiling. yeah. >> thank you, steve. >> sure. >> as always. if you want more on this special coverage that we have, the crisis is in a special section of our website, riseabove.cnbc.com, check it out. it has some terrific information, ty. >>> breaking news now from the bond market. two-year notes up for auction. you
Search Results 0 to 2 of about 3